India: Memorandum of understanding expected to stimulate green building initiatives

The Indian Green Building Council (IGBC) on Monday signed a memorandum of understanding with the Confederation of Real Estate Developers’ Associations of India (CREDAI) to increase the green building footprint in India across the residential sector.

The MoU between the IGBC, a part of the Confederation of Indian Industry (CII) and CREDAI, the apex body for private real estate developers, is expected to accelerate green building movement in the country.

CREDAI president Shekar Reddy said the MoU would further consolidate partnership with the IGBC and promised to work together in facilitating greener and healthier India.

The two bodies will reach out to all the stakeholders on green building trends and techniques. They will jointly organize awareness and training programmes to facilitate capacity building among their members across India.

S. Raghupathy, executive director, CII Godrej Green Business Centre, who signed the MoU on behalf of IGBC, said the MoU would give impetus to the green building movement.